Defense attorneys and federal prosecutors have begun their arguments in today's sentencing hearing for Indianapolis businessman Tim Durham and two associates convicted of felony fraud.

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Those were the three words a federal judge said best describe Indianapolis businessman Tim Durham and his scheme to defraud about 5,000 investors in Ohio-based Fair Finance out of more than $200 million.

Then she sentenced him to 50 years in prison, which essentially is a life sentence for Durham, 50. ...